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Section 316: Presumption that debtor unable to pay due debts

Insolvency Act · PART IV: PROVISIONS APPLICABLE TO BANKRUPTCY AND WINDING UP

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

316. Presumption that debtor unable to pay due debts A debtor who gives a charge within 6 months immediately before the date of adjudication or the commencement of the winding up is presumed, unless the contrary is proved, to have been unable to pay his or its due debts immediately after giving the charge.

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